Swiss Re provides details of its overall net exposure to Lehman Brothers and AIG

Swiss Re is providing this information in light of the recent unprecedented events in the global financial markets and the questions it has been receiving from stakeholders regarding its exposure to Lehman and AIG.

Swiss Re estimates its exposure to the Lehman Brothers Group at approximately CHF 50 million.

Swiss Re acts as a reinsurer to the AIG Group companies and has invested in various securities issued by AIG. Overnight, the Federal Reserve Board announced that the Federal Reserve Bank of New York is extending a liquidity facility of up to USD 85 billion to AIG. Swiss Re estimates its exposure (excluding reinsurance) to AIG at approximately CHF 200 million.

These figures include, in both cases, investments, net purchases or sales of CDS protection as well as credit reinsurance, portfolio CDS, and any other counterparty exposure as of 15 September 2008.

The AIG figures above exclude amounts due to and from Swiss Re under existing reinsurance arrangements with the regulated legal entities.

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